"We believe that combining the expertise of these two leading organizations will provide our issuers with an attractive new option to meet their corporate communications needs" said Richard Nesbitt, President of TSX Markets and TSX Datalinx, the trading and market data operations of TSX Group. "We will offer new technologies to the information dissemination business, enabling us to expand the reach and visibility of subscriber news to the marketplace."
"CNX Marketlink presents an unparalleled offering to publicly listed companies in Canada," said Tom Enright, President & CEO of Canada NewsWire. "High quality disclosure is essential for a high quality market and we're proud to be the first to provide Canadian companies with an enhanced package of services for disclosing information to the investment community."
The product offering for CNX Marketlink will provide Canadian public companies with an opportunity to access new and enhanced services. For issuers who work with CNW today, news releases will continue to be distributed via CNW's Canadian Disclosure Network ®. CNX Marketlink will build on CNW's networks, and will provide further enhancement to the distribution of Canadian public company news through the addition of the TSX LinxPointOne™ network to transmit news release alerts in real-time to the investment community. This state-of-the-art combined distribution network (available Fall 2003) will be able to provide investment community professionals, and their decision-support systems, with timely, post disclosure alerts of public company news. Subscribers to the new service will gain unprecedented exposure to the financial community.
Webcasting and conference call services will be available through CNX Marketlink, enabling delivery of time-sensitive information around the country and around the world. By making use of these powerful, interactive technologies, subscriber companies can easily benefit from improved relationships with their shareholders and stakeholders globally through strong, clear market communications.
CNX Marketlink's regulatory filing services will streamline the delivery of information to enable public companies which use the service in this way to satisfy applicable filing and other disclosure requirements. Through this service, documents and news releases will be submitted to both SEDAR® and EDGAR, as applicable, on behalf of, and to facilitate public companies' timely compliance with applicable securities law.
Building on the strength of CNW, a leading Canadian financial communication network, CNX Marketlink represents an ongoing commitment to delivering effective and relevant communication solutions to public companies and the audiences they need to reach. Mr. Enright added, "We're optimistic about the future benefits and value our combined resources will bring to public companies that choose to use CNX Marketlink as we continue to innovate and offer further value-added services over time."
